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Musk envisions Twitter as a platform for crypto payments

Musk Sees Logic for Twitter as a Crypto Payments Platform

Elon Musk, a billionaire, said that it “makes sense” to add digital payments to Twitter (TWTR).

“Money is fundamentally digital at this point and has been for a while,” Musk said at a virtual all-hands meeting on Twitter. “It would make sense to integrate payments into Twitter so it’s easy to send money back and forth.”

Musk, who is the CEO of Tesla and SpaceX, has a deal to buy Twitter for $44 billion. Even though some people have doubts about whether or not the deal will go through, Musk’s presence at Thursday’s meeting shows that he is at least somewhat committed.

Twitter has played around with cryptocurrencies in the past. Its then-CEO, Jack Dorsey, added the ability to tip with bitcoin (BTC) in 2021, and it added the ability to use ether (ETH) earlier this year. Twitter was also the first company to try out a new program from payments processor Stripe. In April, Stripe released a feature that lets Polygon users pay in USDC.

In other news, a US citizen wants to sue Musk, SpaceX, and Tesla for $258 billion on behalf of investors he thinks were duped by a dogecoin (DOGE) pyramid scam.

Musk has shown his support for dogecoin many times, including when he said in May that SpaceX products, like Tesla products, will soon be able to be bought with the meme coin.

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